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endorsed the decision to invade iraq in 2003, but later, criticized the pentagon's war planning. mostly, though, schwarzkopf devoted his time to serving as a board member and spokesman for chritable caes, ving quietly in tampa, florida, where he died yesterday at the age of 78. in a statement, the first president bush, now ailing himself, called his gulf war commander "a true american patriot and one of the great military leaders of his generation." for more on general schwarzkopf and his legacy, we are joined by "new york times" reporter michael gordon. he co-authored the book, "the generals' war: the inside story of the conflict in the gulf." michael, welcome. take us back first of all to the gulf war more than two decades ago. what was it about general schwarzkopf and what he did is that made him be regarded at least by many as a hero. >> well, this is the time in which the american military did not have the confidence of the american public the way it does now. whatever people think of the wars in afghanistan or iraq, they generally believe that the military has done its part. and t
initially endorsed the decision to invade iraq in 2003, but later, criticized the pentagon's war planning. mostly, though, schwarzkopf devoted his time to serving as a board member and spokesman for charitable causes, living quietly in tampa, florida, where he died yesterday at the age of 78. in a statement, the first president bush, now ailing himself, called his gulf war commander "a true american patriot and one of the great military leaders of his generation." for more on general schwarzkopf and his legacy, we are joined by "new york times" reporter michael gordon. he co-authored the book, "the generals' war: the inside story of the conflict in the gulf." michael, welcome. take us back first of all to the gulf war more than two decades ago. what was it about general schwarzkopf and what he did is that made him be regarded at least by many as a hero. >> well, this is the time in which the american military did not have the confidence of the american public the way it does now. whatever people think of the wars in afghanistan or iraq they generally believe that the military has done its
to give tax cuts? what is going on? as far as spending look at amount of money wasted in pentagon. wars in iraq before all the bills are in. liz: well, 800,000 pent -- pentagon workers may be cut, may be furloughed due to these spending cuts. the question becomes all of you, maybe that is our version of austerity? maybe we need to feel that pain? >> these cuts were --. liz: let me let representative mulvaney get first crack. >> let's try to find still very lining here. what we've learned from the american publlc during the last two weeks is as attention turned to the fiscal cliff, they don't want their taxes to go up. i get it, dennis gets it. everybody gets it. people don't want to pay more taxes. if you want to get rid of the deficit, ray taxes and cut spending. people said don't raise taxes. that only leaves spending side of the equation. the president needs to get the loud and clear as loud as he got it on taxes. maybe there silver lining. maybe we bring some long-term solution in the future. david: i don't see a silver lining coming out of washington. but, congressman huelskamp, th
. they seem desperate to do that. plenty of liberals say, go over the cliff. big cuts in the pentagon and big tax hikes. the white house, from all indications that i've seen, they don't want that to happen. they are scared of what could happen to the markets. >> why aren't they dalg dealing with boehner? dana, be go ahead. jumpb in here. >> i think they won their negotiating power once boehner last week failed. as dana pushed out, the only thing that can get boehner is to do something. >> reporter: i think that you're right when i said that democrats don't think that the president will have much political damage. that does seem to be coming more from democrats here in congress than in the white house. democrats here in congress feel that it's a win-win for them politically. the one thing i will tell you very quickly, the pushback on this narrative that i heard from senate republican leader in the hallway. he said, do you remember who the speaker was during the hoover administration? i said, no. he said, that's my point. nobody will remember who the speaker was if ge into a recession but it's
the comfort of the north lawn reporting on the pentagon and the white house and the troops upsurge numbers and how this became a project that's really became attached to. lou: you focus on this particular battle, you talk with nearly 225 individuals. how long did that take? >> they range from generals, private, widows, couple insurgents, one of whom i interviewed by skype. it was a big project that every time i thought i wasev done, tak to smitty, i mean ultimately i just had to stop because there was never going to be a time where i had talked to everybody. lou: you are pursuing one of the toughest explanations, that is how those men can be caught ate that outpost and be the target to be outnumbered so outrageously and incapable of being protected. this is how it started. how is in hospi in the hospitaly newborn son, jack. he was a day-old, out of the corner of my eye i saw the story about the outpost and never heard of combat outpost. coverage along the lines of what would anybody put outpost there? it became a mystery that i needed to solve. why woultd we put our troops in such a vulner
the wall street journal, or the pentagon indicated they wanted to maintain 6000 to 15th thousand u.s. troops following 2014. that is the issue under discussion now. there's approximately around 340 0,000 afghan security forces in place, including the police. the pentagon recently indicated i don't believe there was a major unit capable of operating independently from nato support. there was some manipulation of the metrics they were using where the things appear to be making more progress than perhaps they were. that came out in a white paper. what will be the long term success or failure of the afghan national security forces is yet to be determined. they need about $4.1 billion a year to continue at that level, which is more than the entire government revenues in afghanistan. so it's gone to take a long-term commitment of foreign powers to maintain that size of armed forces. the afghans have proven that they are excellent fighters. the question is will they be excellent soldiers for the government of afghanistan? host: one other question, how stable do you think the karzai govern
. >> reporter: if they don't get their act together, the consequences will be immediate. the pentagon has already drafted notices to 800,000 civilian employees warning they may be put on unpaid leave. and those tax increases triggered today will start to hit our paychecks this week. the average family, seeing a tax increase of almost $3,500. there is intense pressure on house republican leaders to resolve this before the stock market opens tomorrow morning. they are hearing from business leaders. they are also hearing from senate republicans, saying that the cost of failure on this, david, would just be too high. >> would love to be on some of those phone calls from wall street, jon, thank you. and as you point out, wall street does open tomorrow morning, and after a week straight of losses already, nervous investors leading up to the fiscal cliff, the average 401(k) losing 3,000 to $4,000 in this country. abc's bianna golodryga with the story of just one family and the huge tax increase, if congress doesn't figure this out. >> reporter: until there's an agreement, this what the martins f
cuts to the pentagon and other government programs. so, in march, we may see another round of fighting. president obama says he hopes congress can strike a deal with a little less drama. paula and john? >> don't count on it. >> let's hope so. round two of the spending cuts. what are the chances that republicans go along with raising the debt ceiling? i know they believe maybe they have a little leverage now? >> reporter: i feel like we've seen this movie before. republicans are going to have to vote for raising the debt ceiling. but they want deeper spending cuts and deficit reduction. and they'll probably get it. but it could be another ugly fight in two months. >> it's interesting that john boehner and paul ryan voted in favor yesterday, as well. interesting dynamic there. tahman bradley in washington. thank you, tahman. >>> and new york lawmakers are furious this morning after the house ditched a vote on billions of dollars of aide for victims of hurricane sandy. house gop leaders decided to wait for the new session of congress before taking the vote. new york republican peter king
delays large cuts to the pentagon and other government programs. >> so in march, we may see another round of fighting. president obama says he hopes congress can get a deal done with a little less drama. >> today is your last chance to visit the san francisco institution and best part, it is free. exploratorium has out grown its home. after today the exhibits will be packed up and moved to pier 15 on the embarcadero just right across from the abc7 studios. the exploratorium that opened in 1969 was one of first hands on science museums in the country. >>> cardinals have won the rose bowl for the first time in 40 years. they beat the badgers and running back taylor scored two touchdowns. stanford ends the season at 12-2 and victory helps the mayor win a friendly wager with the mayor of madison, wisconsin. he will have to wear a stanford cap at an upcoming city council meeting for a day and planted a tree in honor of the cardinals. wow! >> today, san jose valley christian high school band returns home after performing in the rose parade yesterday morning. they are the ones wearing blue. they
was remembered today at the rose parade in california. the pentagon sponsored a float that was a replica of the korean war memorial in washington, d.c. six veterans of the war were aboard. there was also a reunion. a soldier just back from thghanistan surprised his wife and son. ehey'd won a contest to attend, but had no idea he'd be marching. how asians are bringing big changes to one texas city. next. city. next. . i know it's been a difficult time since your mom passed away. yeah. i miss her a lot, but i'm okay. wow. that was fast. this is the check i've been waiting for. mom had a guaranteed acceptance life insurance policy through the colonial penn program, and this will really help with the cost of her final expenses. is it affordable? it costs less than 35 cents a day-- that's pretty affordable, huh? that's less than the cost of a postage stamp. so, you said it was guaranteed acceptance? yes. it's for people ages 50 to 85. there's no medical exam or health questions. you can't be turned down because of your health. it fit right into mom's budget and gave her added peace of mind. y
smith new hampshire. the pentagon, for reasons that i do not start to understand, still say they do not want new york city to hold a parade. new york city is where we've always done this. new york did throw one ticker tape parade for the new york giants and at their parade the football parade, we met the willis family. they brought a picture of her son and a huge giants fan. sergeant willis sent a message before the big game. >> i'm from new york. i want to say hi to my family and go big blue. >> his mom said she promised she would go to the parade if the giants won and she would bring his picture. the giants won and new york held the parade and glenda kept her promise. she said it would be compassionate to have a parade for her son and daughter in new york. tonight, there's still no parade in the works for new york city to welcome home the troops and mark the end of the iraq war. i can tell you that sergeant willis is home from iraq and afghanistan and he and his family are here with us watching the show in this very room. welcome home. look, you're on tv. it's really cool to have
for them. i was at the pentagon and was there when a colleague of mine got a silver star for his actions in afghanistan. he was clearing a landing zone they called in the medevac he tried to clear the area he steps on one and he lost both legs and a left arm. when i say i am lucky with an average experience he is my reference. he may say he is lucky people put him three tourniquets on him. then we have a memorial in florida where the tax code to school for everyone who died in the line of duty since world war ii. we put more names on the memorial last year since 1945 and 120 since then 11. that number may feel low compared to the thousands we have lost that is 120 brothers and sons and we are a small community. that is the grief you process and your own fear of death and i don't have a good answer to figure that out but i am not sure i did but i tried to weave so as to threats that felt like it was happening at the same time so i would like to read from the beginning of the book to give you a sense of how it feels and running helped me spin as a first thing you should know is i'm crazy.
pentagon budget issues coming up. so there's some talk about him wanting to hang on and try to manage the budget issues that are going to hit the pentagon over the next few months. host: we're taking your calls with david jackson, the white house reporter for u.s.a. today. first up is doug from oklahoma on the democratic line. good morning. caller: good morning. i had a question about geithner. hadn't he said something earlier about wanting to leave? guest: that's correct. host: around the inauguration was the quote. host: how would you feel about geithner leaving? do you want him to go as a democrat? caller: that's a good question. no. no. guest: the caller is right. geithner has said publicly he wants to leave around the nomination. but with the uncertainty, i don't think the administration would want him to leave as long as these issues are hanging. so we get a fiscal cliff this deal and i think he's going to be gone by the end of the month but i think it's kind of up t in the air. host: says a contender for his job would be jack lew. guest: that's the betting money. is his job if
tridivision headquarters right back to the pentagon. we said that should never happen again. so we looked at command of control relationships in this exercise. so we're going to bring up the next panel and this exercise was conducted in august and we're going to take a few minutes to get the panel up here and we'll have the panel moderator introduce us, john vaughan from harris, but if any of you need to make a head call, behind these screens we have men and women's heads, restrooms for those of you who don't know the term. behind those screens. rich is telling me i'm going back wrong end of the ship, back that way behind the screens, so feel free to go back there. so let's take a few minutes now and bring the panel up and the panel moderator, john vaughan thank my name is john vaughan, i'm from harris corporation. we're delighted a sponsor again this year of san francisco fleet week. our focus, if you had an opportunity to see on the way in the demonstration, is on interoperatability. this has been a challenge as lts general just mentioned. in the past we have been blocked in int
to the pentagon and other agencies, are only to be delayed for two months, setting up another from fiscal cliff on march 1st. congress has adjourned. and late last night, after midnight, the president left for hawaii to meet with his family. and hopefully, he thinks for a few days' vacation. >> you mentioned the breathing per feelings got raw at the last minute. >> reporter: it got really nasty. politico first reported on friday when the congressional leaders met here at the white house, speaker of the house john boehner told the democratic leader, harry reid, off, use uhhing language i can't use here on "good morning america." >> you can't even paraphrase. >>> let's look at what the deal means to you at home. lots of paycheck changes right now. and bianna golodryga is at the smart screen to break it down. about 99% of americans protected from an increase. but most workers will take a hit. >> payroll taxes going up. this affects everyone making $110,000 or less. so, this year, anyone making $110,000 will pay an extra $2,200 in taxes. people making $50,000 will pay an extra $1,000. and someone m
to the pentagon and other government programs. so in march we may see another round of fighting. president obama says he hopes congress can get a deal done with a little less drama. abc news, washington. >> not all law makers are satisfied with the new fiscal cliff idea. andy harris is one republican who voted against it. released a statement reading, ioppose the legislation increase being tax on 77% of my people in my district. harris goes onto say the bill is business as usual in washington doing nothing to deal with the 16.4 trillion dollar debt. >>> so when harris says it will raise taxes on 77% of americans he is talking about the end of the pay he roll tax holiday. basically what it means is the amount taken out of your paycheck for social security will go up 2%. for most americans that means we will pay a thousand dollars more in tax this is year than last. >>> this morning secretary of state hillary clinton is in the hospital recovering from a potentially serious blood clot. >> doctors treated her yesterday with blood thinners. now those familiar with clinton's rare blood type clot say t
to the budget of the pentagon and the number of domestic agencies. >> we can come together as democrats and republicans to cut spending and raise revenue in a way that reduces our deficit, protects our middle class, provides ladders into the middle class for everybody who is willing to washing hard. >> despite this bill, your paycheck is a little smaller because a temporary cut in payroll tax expired. the social security will jump back to 6.2% for 160 million americans. it had been 4.2%. some banks say that could cut consumer spending this year. that's less than the 115 to $125 billion in revenue it cost the government each yoor. at the live desk, angie goff, news 4. >>> angie, thank you for that. >>> new york area lawmakers from both parties are furious with house republican leaders. they are angry the current congressional term will end without a vote on aid for victims of hurricane sandy. a house committee drafted a measure to allocate $27 billion for recovery efforts. speaker john boehner says the house won't vote on it before this term ends at noon tomorrow. new york congressman el
to continue it. >> thank you, john. tom: breaking news for you, we have to get in pentagon co confirming retired general normanorman has died he was 7 pizza hut's $10 any pizza deal is back. any pizza, toppings, sizes. ...ten bucks. the meat lover's pizza. ...ten bucks. delivery, dine in or carry. ...out of this world pizza. pizza hut's $10 any pizza deal is back. now, that's how you make it great. to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's t family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how ilminating. what's in your wallet? let me guess, am on the naughty list again? ho ho ho! tom: marta decker burgs family is confused by the privacy policy. his sister who is also the marketing director posted this photo on her face but page and she thought only she and her friends could see it.
part of some last-second deal. hit the defense department. but the pentagon's real problem is not those cuts, but the ones that are going to be coming over the next decade. we talked to military contractors, top officials at the pentagon. they see a long period of downward decline. that after the war in afghanistan, there's going to be a period of austerity. they're calling it -- they have a term around the pentagon, a very graphic self-amputation as they cut back over the years. and this was one of the reasons that president obama had, at the top of his short list, the former republican senator, still a republican, chuck hagel of nebraska. he's somebody who's talked about the pentagon as being bloated, had very specific ideas about how to cut it. but mike, sam, the table, we're hearing that that trial balloon has been popped. that senator hagel has a possibility for secretary of defense, has really lost a lot of altitude. and what they discovered was, there's not a natural constituency for him. republicans, as you guys know, have fought with him over the years. he was against the war i
and exchanges. >>> a bus bomb targeting. we are live from the pentagon with details. >>> his time has come again, a man from the '60s is getting a start again, lester chambers joins us back. >>> welcome back to "starting point." we've been talking about the blizzard and storm warnings from the deep south all the way to new england. we'll look at seymour, indiana, lexi sheen has drawn the short straw, she's from wlky and getting hammered. >> reporter: that's right, drew. things have calmed down. let me give you a look behind me. you can't see the tire tracks from where we came in 5:30 but the roadways are snow covered, two, two and a half inches have fallen since 4:00 this morning. we barely missed having a white christmas in seymour, indiana. indiana state police are advisi advising people to stay off the roads. they are urging everyone to stay home if it is at all possible and kind of a good day to do that. we were pointing out earlier this is the good snow, the stuff the kids like to play with, snowballs, snowmen, all of that good stuff but it is still dangerous. the roadway is slippery, slush
, the massive amount of spending cuts that will kick in at the beginning of the year to harm the pentagon and other agencies. if they are getting anything, there are low expectations but if they get anything it will be a very small deal, something much smaller than they have been talking about for weeks, jon. jon: there aren't too many people these meetings. so a little hard to get an assessment, what is your idea, what is your best, yeah, assessment i guess how things are between some of these leaders? >> reporter: they have gotten pretty tense the last couple of days as they have come back from the christmas holiday. we saw yesterday senate majority leader harry reid basically accusing john boehner of running a deck tate toreship, that was his word in the house of representatives. reid piled on a little bit late yesterday afternoon and senate republican leader mitch mcconnell responded. take a listen. >> speaker boehner should call members of the house back to washington today. he shouldn't have let them two in fact. they're not here. they're not here. john boehner seeps to care more ab
their budgets cut, depending whether it the pentagon or other agencies. the agencies can try to shield some programs for others. social security benefits are not going to be cut. the pay for pentagon officials is not going to be cut. if this drags on into march or april, they will have to do furloughs, is essentially giving people vacations. host: the headline from "the wall street journal." is that one way to do that? guest: that is a painful way to do that. when people do not have money to spend, the economy is not going to grow. if this goes on for a couple of days and the stock market falls dramatically, congress and the white house may be able to avoid some of the long-term consequences. if everybody digs end, more disasters things could take hold. host: the president, vice president, speaker of the house, democratic leader of the house, will be meeting today. from the reporting you have done, what will be happening? guest: they could sit down and cut a deal in five minutes. they know all the issues. they know where their parties are. they could sit down in five minutes, shaking hands,
for the pentagon. defense cuts are coming in a big way. a look at world currencies and how they are holding up against the dollar. ♪ [ malennouncer ] it's tt me of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. starsaving at citi.com/pricerewind. dagen: more good news for recovering the housing market. home prices in the 20 city index grew 4.3% from a year ago. chicago, new york were the only two cities with negative returns and october. starbucks urging washington to come together on the fiscal cliff. literally. the ceo is building employees that all d.c. area employees should write things on the cops. they want to serve as a rallying cry. of course, that is also a marketing ploy. you can get there from here
the automatic $492 billion in cuts to the pentagon over the next nine years is for congress to make a deal in the next two days. harris? >> peter, thank you. fox weather alert now. a new headache for travelers. tonight a fresh storm system is pummeling the northeast. as you know much of the region and really the rest of the country are recovering from the winter storm that hit earlier in the week. this new round of weather bringing even more snow, freezing rain and strong winds already causing some flight delays and making the roads dangerous. meteorologist justin povik with the accu-weather. justin? >> harris, i tell you, we cannot catch a break across the northeast and the nation's midsection. not to leave out the west coast. they have been stormy and wet, especially around san francisco. the meat of the storm system has been targeting the ohio valley and the northeast, and the latest is doing its dirty work across the coastal sections. the i-95 corridor. the worst of the worst we will target boston over the course of the next three to four hours approaching an inch an hour. snow totals
it would have especially hit the pentagon those have been delayed for at least two months. so it's something that they are going to have to tackle again. the other big problem what it does to the deficit more than 4 trillion of added debt that had a -- had many republicans voting against it. >> that is going to be huge debate over raising the nation's debt ceiling the president will push for an automatic increase in that. they will want to extract something in the way of spending cuts. we have been through this before. because republicans didn't get much of anything in spending cuts and the deal last night they will look for big ones in the debt ceiling negotiation. >> we hit the december ceiling november 21st but they put in emergency measures. what can you tell us about those measures? >> we know there are accounting gimmicks they can use to extend this. they can buy maybe a couple a month. they can negotiate the deal the president wanted to have some kind af debt ceiling raised as part of the agreement. this was kicked down the road. it is something in the way of spending cut
employment. >> the only way to avoid the automatic $492 billion in cuts to the pentagon over the next nine years is for congress to make a deal in the next two days. harris? >> peter, thank you. fox weather alert now. a new headache for travelers. tonight a fresh storm system is pummeling the northeast. as you know much of the region and really the rest of the country are recovering from the winter storm that hit earlier in the week. this new round of weather bringing even more snow, freezing rain and strong winds already causing some flight delays and making the roads dangerous. meteorologist justin povik with the accu-weather. justin? >> harris, i tell you, we cannot catch a break across the northeast and the nation's midsection. not to leave out the west coast. they have been stormy and wet, especially around san francisco. the meat of the storm system has been targeting the ohio valley and the northeast, and the latest is doing its dirty work across the coastal sections. the i-95 corridor. the worst of the worst we will target boston over the course of the next three to four hours appr
for 2 million unemployed. and puts off automatic spending cuts on the pentagon and domestic programs for two months. now back to "the five" new year's eve special. for all of your headlines, go to our web site at foxnews.com. five." ♪ ♪ ♪ ♪ >> juan: getting redty to party. the last segment we took a look at the serious moments on "the five" this year. now let's get to the good stuff. roll the tape. ♪ notice >> are we non- >> bob. >> sorry. ♪ ♪ notice ♪ ♪ >> hostess brand maker of twinkies. [ laughter ] >> lockness monster was a hoax. >> what? that is a hoax? it's not real? >> oh, man. i'm really going to upset you now. saskatchewan. >> that's sasquatch. >> that's why they only ate grass. >> the eyes were here -- >> my dad said pay your bets and pay them on time. >> give us a profile shot. >> the other segment was my other half. >> puerto rican and irish. >> yes, thank you. >> good combo, right? >> there must be food safety standard. >> that wasn't a food cart you bought it from. >> what was it? >> age makes you more full of wisdom when you were a jerk most of your l
cuts aimed at the pentagon and elsewhere. >> the revenues have to be part of the equation in terping off the sequester. >> trouble on the left as well. senators grumbling the president gave away too much on the tax threshold of $450,000 or more. the white house is pushing back by saying that the president held firm on 39.6% at the top rate despite reports he might negotiate down to 38%. bret? >> bret: ed. in that event, the president didn't have a lot of details. it seems to be framed much like as you mention ad campaign style event. perhaps a signal that this is what we may see in the new year if the battle over the debt ceiling heats up in the next few weeks. >> in doubt. he did two things. going out and hitting republicans hard at this event he was making clear if they don't have the final deal, he will go out on the road and pound them in the days ahead to put the blame on them. the second thing he was doing, not just on the fiscal cliff. on immigration and other irks in the days ahead -- issues in the day ahead. he is going to take it to the american people on issue after issue,
acts, not to mention it delays large cuts to the pentagon and other programs. >> so in march we may see another round of fighting. president obama says he hopes congress can strike a deal with a little less drama. >>> some dramatic temperature readings this morning. are you feeling it? we are in the mid 20s. >> it's very dramatic to me. >> what is going on. >> good morning. as we get down to 28 in livermore and 29 in fairfield. and 27 in santa rosa. it's colder and that is what we're talking about. 30 in concord and napa and freezing in redwood city and getting close in mountain view and san jose at 34. 36 at antioch. 34 at san rafael. low 40s east bayshore. mid 40s around san francisco. 44 at half moon bay. we do have a small slight wind so it does feel about one to three degrees cooler in some areas when you are outside this morning. let's talk about the chilled sunshine. it will joined with a few high clouds, upper 40s for lunchtime temperatures. low to mid 50s as we head through the afternoon and back in the upper 30s to mid 40s by 7:00. partly cloudy and frost tomorrow morning and
massive mandatory spending cuts to the pentagon and domestic program goesing into affect in the new year, democrats want a one year extension, republicans insifrting on sooner. the president issued this warning about cuts only strategy. >> if they think that is going to be the form larks they've got another thing coming. it's not how goitsing to work. >> republicans bristledíróqj2lt remarks. >> it was dismissive and insulting. belittling and in the end, sad. >> senate republican leader mitch mcconnell didn't join n after months of refusing to vote, he said now is the time. everyone agrees that that action is necessary. and i can report we've reached an agreement on all of the tax issues. we're very, very, close. >> very close? but no cigar until tomorrow. and tonight, at midnight, the tax cuts expire for everybody. everybody's taxes go up. tomorrow, the republican-led house can lower rates and claim that they never raise taxes on the rich, and only voted for a tax cut. in the newsroom abc 7 news. >> a year end rally on wall street, investors responded to the opt nix talks before the n
as scheduled many jobs would beó%7z lost, 55 billion dollars cut from the pentagon budget. starbucks taking a stand, the ceo has«pt workers to write "come together[3wr" on cups. stocks continue to fall on fiscal cliff worries president and congress back in d.c. to talk about n'ozn budget today. toyota 1.1 billion dollar charge to settle a lawsuit has to do with more than 10 million vehicles recalled for unintended acceleration from claims the value of vehicles went down as a result. k)Ñ exchange#dww, with the bloomberg business report. >>> coming up, do you use those companies that give you a cash advance on your paycheck? you magb(:l be getting some of protected panda.id;gp >> good morning. 5:53. you see the embarcadero, bay bridge you don't see rain or traffic. we'll check in with sue and find out what is going on, on the highways. we'll find out where the rain is with mike. >>> u.s. department of commerce is due to release figures for new home sales, today's updates will hold stead if i not rise a bit they predict 375,000 in new sales. housing numbers slipped last month, new building p
questions. the pentagon and all the other government agencies told their employees that they're not going to do anything with the sequester in january, because they're assuming congress will get its act together in january, february or so. so the idea that the markets are going to panic over this, you know, i think is a red herring. who knows? maybe they tank tomorrow. maybe they go through the roof. but i don't see that happening. though if it did that would drive things a little bit. >> do you have any sense they're feeling pressure from constituents at all? i would describe this as people are profoundly unhappy. >> that's a great point. congress' approval ratings are abysmal. but the pressure from the right for conservatives to cut a good deal, all this discussion about chained cpi is confusion. basically it means that republicans want to include entitlement reform as part of a deal. but why did they take that off the table? because when the debt ceiling comes next year, they can have a bigger fight about entitlement reform. so the big story today is that republicans are starting to re
especially to are very upset with the cuts that would hit the pentagon. it may be difficult to rally republican votes if they cannot turn off the sequester. on the democratic side, the estate tax could be a problem. the republicans are insisting that the estate tax stay at current levels, which is exempt states up to $5 million. many democrats would like to see -- in january, it is scheduled to come -- it is scheduled to go up dramatically. on states as small as a million dollars would be taxed. most democrats want to see something in the middle. they're adamant that we cannot exempt states as large as $5 million. that could be another sticking point. >> lori montgomery, to expect anything else to go on today? when is the earliest that the senators will come back in for session tomorrow? >> the senate is due back in at 1:00. the house is due at 6:30. the house is the big question mark. it is very difficult to imagine what could pass the house. as for today, it is an excellent question. the senate is not in, the house is not in. my understanding is we're going to have basically everyo
they go to washington, it is not a philanthropic act on the pentagon's part to instruct boeing to build. it is pragmatic. the united states federal government -- unless europe is dollarized, unless they do not have dollars to spend purchasing the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. the 1950's and the 1960's. a period of immense stability very low inflation. universal growth. we had other problems. the lease from the macroeconomic point of view, it was a golden age. why did it end? because the global surplus of recycling mechanism could no longer be sustained. why? because the united states stopped having a surplus by the end of the 1960's. how can you recycle surplus if you cannot have it. enter a young turk in 1971. well, paul volcker -- that name may ring a bell. in 1971, paul volcker was an unknown working for another american. henry kissinger, who you may have heard of. before he became secretary of state. he was still national security advisor. volcker's p
in and the pentagon will be forced to cut $9 million in spending. >> if lawmakers can't avoid the fiscal cliff, they may be able to avoid a different cliff, the dairy cliff. house and senate members appear likely to extend farm legislation for a year, a deal that would keep milk prices skyrocketing in january. we were worried about $6 gallon of milk. it could keep a decades old subsidy from coming back to life. the usda would be forced to buy milk at prices well above what farmers were getting now if the subsidy was revived. it could double the price of moib to $6.12 a gallon. >> markets have been reacting to each move on capitol hill, but obviously, things at this point are looking like the dow would open down by about 7.5 points. the dow is off 67 points and the nasdaq is down 14.75 points. all the surprised given the late hour that -- >> even if something doesn't happen today, it happens in two or three days. >> right. so if you were looking for a market reaction because a lot of the market iraqis we've heard has said, if highways the case, near not getting it base odd what they're going to
. the pentagon says there have been at least 154 suicides among active-duty troops through last thursday. a rate of nearly one each day. >> every day in this country, 18 veterans are committing suicide. 17% of the individuals in combat in afghanistan -- my brothers and sisters -- are on psychotropic medication. >> president obama announces the ministers and most of deporting hundreds of thousands of undocumented you whose parents brought them to the nine states. >> these were young people who studied in our schools, play in our neighborhoods, they are friends with our kids. they pledge allegiance to our flag. they are americans in their heart, in their minds, in every single way but one, on paper. now let's be clear, this is not amnesty, this is not immunity. this is not a path to citizenship. it is not a permanent fix. this is a temporary stopgap measure. >> biking as far redefined immigrants might movement in this country. we are taking a lead now. now we are unstoppable. i think our responsibilities to our community, to our parents, to the adults, is to continue that work, to look for permane
another 1600 spies of the pentagon can have their own spy agency to compete with, what, the cia abroad? when you see the interventions that have fallen flat and have been disastrous such as libya and benghazi, when you see a cut a growing in strength because of our own -- al qaeda growing in strength because of our own misapplication of force, you have to ask, if this is about democrat and republican, the system is failing. we are seeing evidence of a fiscally and also in foreign policy and evidence of it domestically when you can see a surveillance state arising under the noses of both political parties and. >> you talk about your alliance with ron paul. both of you are leaving. this is your last days in congress, at least this time. so who are your successors, who you see in congress right now who will carry on these struggles for privacy, against drones? >> i would hope people i have worked with in the past like barbara lee, alan grayson and others would continue the efforts. there are people on both sides of the aisle which expressed concern. you have to remember we put together a
and passing the pentagon. again, lighter volume on to the southeast-southwest freeway and 14th street and things are looking good in maryland. problem-free as you are heading down 270 from gaithersburg to the split at the beltway. no problems on the beltway itself. prince george's county, you are looking good on route 4, route 50, beltway and route 50. that's a check of your fox 5 on-time traffic. e traffic. >>> our other big story now is the fiscal cliff talks. later on today, president barack obama will sit down with top leaders from the house and senate at the white house. he is trying to find an agreement to avoid automatic spending cuts called for in the so-called sequester. and the bush tax cuts are also expiring. they have to agree on raising the debt ceiling as the government's borrowing limit will be reached next week. house speaker john boehner is calling the house into session sunday night. we are getting great comments this morning from you who have logged on it our facebook fan page. karl rose russell writes, if i don't do 199job, i would get fired. the same should be fo
the automatic $492 billion in cuts at the pentagon over the next nine years is for congress to make a deal in the next two days. >>> a state lawmaker is pulls out of the race with jesse jackson jr. 's empty congressional street. he was arrested december 5th because airport security screeners at chicago o'hare found an unloaded baretta handgun in his bag. he doesn't want the charges he faces to detract from the campaign. trotter told the officers at the airport he works a security job and that the gun is for that and that he forgot it in the bag. >>> a russian plane crashed killing four people. it went down and came a part and caught fire. officials say there were eight people on board the red wings plane on the way from the czech republic. the eight people on board were all crew members. the cause is not clear but for now, investigators believe it was pilot error. >>> and to india now. politicians are expressing their condolences to the family of an indian woman who died from injuries sustained during a gang rape. it's causing major protest across the country. indians are demanding greater
at the pentagon and domestic programs that were set to take effect today. >> i've said all along our most important priority was to protect the middle class families. this legislation does that. middle class families will wake up today to the assurance that their taxes won't go up. >> reporter: democratic senator tom harkin suggested the selection missed the mark. >> it does not address the number one priority, creating good middle class jobs now. secondly, this proposal does not generate the revenue necessary for the country to meet its needs. >> reporter: republican senate minority leader mitch mcconnell says neather side got everything it wanted. >> so it took an imperfect solution to prevent our constituents from a very real financial pain, but in my view, it was worth the effort. >> reporter: the republican- controlled house is expected to begin considering the bill later today. a final vote is expected in the next day or two. passage is not at all certain. in new york, patty ann brown, fox news. >> why do you think lawmakers waited until the last minute? we are getting a lot of feed
-to-know in the pentagon and cia and certainly the white house. so i just felt a personal responsibility to keep it close, but that meant that i was basically, you know, having to consult with myself, to be honest. >> keeping this secret also meant going on about the business of presidency, touring that awful storm damage in alabama while knowing at athat very moment u.s. navy s.e.a.l.s were already the on the move halfway around the world. you had to go to tuscaloosa? >> yes. >> you had to go have fun at the correspondents dinner? >> yes. >> seth meyers makes a joke about osama bin laden. >> did you know that every day from 4:00 to 5:00 he hosts a show on c-span? >> how do you keep an even keel, even when we look back on the videotape of that night, there's no real depiction there's something afoot? >> you know, when i go down to tuscaloosa, i'm very much present there, because the tragedy and the devastation that had happened to the folks there, i think, consumed all my attention. so that wasn't difficult to focus on. the correspondents dinner was a different story. you know, that a little bit of actin
, there's still a sticking point. the deal delays pending cuts to the pentagon for another two months kicking the issue of sequestration down the road. it's not a perfect bill but the timing was crucial as a new congress is set to be sworn in on thursday. >> thanks to the votes of democrats and republicans in congress, i will sign a law that raises taxes on the wealthiest 2% of americans while preventing a middle class tax hike that could have sent the economy back into recession and obviously had a severe impact on families all across america. >>> now, while the tax package passed will protect 98% of americans from income tax increases, most of you will still end up paying more in federal. that's because a temporary cut in the social security payroll tax just expired. at the live desk, angie goff, news 4. >>> 5:03 now. markets are reacting positively to the fiscal cliff vote. stocks are up 2%. european stocks are also up right now. this congressional term will end without the house voting on a bill to help victims of sandy. new york area lawmakers from both party are furious over hou
criticizes the state department while widening blame as well, find fault with the pentagon and white house. clinton told committee chairs she's committed to working with them when she recovers and will appear once she gets the go ahead from doctors. they want to hear from clinton in person before they will consider her successor. >> senator kerry wants to hear what she says so he can make comments about i agree with her or i don't. it makes sense to have her go first. >> that was andrea mitchell reporting. clinton's spokesman has not said where the clock is located. >> new, the homeland security has a new report criticizing the state department for the response to the u.s. consulate attack in libya. senator collins and lieberman released the report moments ago. the committee found militants essentially walked in because of faulty security. the report criticizes the state department for failing to sufficiently respond to requests for additional security. >> president obama and secretary of state hillary clinton are the most admired man and woman in the country according to a gallup poll. cl
right now, right around the pentagon, looking good. if you want to head out this morning, you have an uneventful ride at this time. that is a look at your fox 5 on- time traffic. >> and this is new video of that deadly accident we've been talking about this morning. it involved a tractor-trailer and another vehicle on route 28 in fairfax county. this happened around 1:45 this morning at sully road. the driver of another vehicle possibly a pickup, was killed. >>> from worst to first, last night, the washington redskins won their seventh game straight chinning a division title. the first time since 1999? >> that is when prince had that song, 1999. >> dave ross is here. >> thank you, sarah, for making coffee. >> you're welcome. >> just like tony romo. >> we knew he had the penchant to come up small in big games. >> penchant? his whole career. >> he was tiny. and rg iii, you asked me on friday whether or not he would wear the brace. rg iii wore a smaller brace but he still looked like he was not 100%. we'll say about a 70% rg iii. that was good enough to beat 100% of tony romo. >> the
not at pentagon row with more on that, and he went out searching for some disappointed cowboy fans. he found some. >> reporter: hey, jim, for a moment, for a brief tiny illustratty-bitty moment today, almost felt sorry for dallas cowboy fans, but i got over it. >> reporter: are you happy? >> i'm delighted. not just happy, i'm ecstatic. >> i was in the misdemeanor ilschool the last time we were champions. >> reporter: so now you're happy. >> since. ♪ hail to the redskins >> reporter: ectell the fans today. they were walking around with a big smile. cowboy fans, not so much. do you think you could find it in your hard to root for the redskins? >> no, never. >> do you have any cowboy fans in the back of that truck? >> heid it to us again. >> what's it like? >> it would be kind of -- >> he flushed them down the toilet. that's what we did. hail to the redskins. we're on a warpath, fight for all d.c. >> reporter: they won because -- >> they have rg3. >> he's something. >> he's awesome. >> because? >> the defense. >> reporter: defense. >> morris. >> reporter: 200 yards. the redskins won last night bec
the budgets of the pentagon and a lot of domestic programs as well. and we've got a lot of other highlights but get down into the weeds and it's virtually unfathomable especially if you've hd a bottle of champagne or two. >> tailor swift just came on the stage behind us. >> is it over? >> base ond what we heard today, her taxes are going up, she's not happy bit. >> doug, god bless you for being here as late as you are. it's not our fault. >> it's true. >> you come back if there is news, okay? thank you. >> okay. >> happy new year to you. >> and people who are staying home now, watching times square on new year's eve, do they want to hear about the fc? >> it's a huge deal. >> i know. but it's new year's eve. >> it's important. >> can we just have one night not bother bid those people down in washington? >> i think fantasy is that for to us think they'll get it done. on time. >> let's skt crowd here in times square. how do you feel about us not talking about the fiscal cliff anymore? >> woe, that is great. >> look. look. look how happy they are. >> that is the moment of the night. yes. >> tha
that we'll have quadrennial review, a 4-year plan just like the pentagon. i don't know that is the best model to work on. gerri: i have to ask you about bp today. >> sure. gerri: because there's big news coming from bp. the federal government says you're disqualified from winning new contracts. here's bp statement. suspension that is due to bp's lack of business integrity as dep straighted by the company's conduct with regard to the deepwater horizon blowout explosion, oil spill and response. now the stock did not really get hit today. what is your estimate what this means? >> i think it will be a temporary move. i think the obama administration again is wanting to show, hold up bp, that we're punishing them. this is enormous company. it is one of the biggest oil and gas producers in the u.s.. gerri: doesn't it matter if it loses contracts from the u.s.? >> they have a lot of contracts already. so those contracts don't go away. there is enonly on new contracts. it is important but i think it is a temporary deal. gerri: robert, you must come back and sit on the set again. always a pleasu
these numbers, there are also a bunch of other issues, you know, 800,000 pentagon workers could be furloughed, all kinds of other issues where emergency unemployment benefits might be ended. so there are lots of complications. but let's talk about people's portfolios, and if we were to go over the cliff which you don't believe is going to happen, but if we were, what would you invest in right now? >> i'd stick to being very conservative. there's a good chance we could dip into a recession. in that type of environment, you want to be in very safe and secure stocks, and you want to have a more conservative portfolio. you want to be invested in the high quality fixed-income and not be that global in your organization. liz: how would you characterize picking a secure stock? >> high dividend growth rate, very strong dividend payout rate as well, so one of those solid blue chip, large cap type of companies. liz: treasuries. i mean, the yield is kind of pathetic. >> and quite frankly, because i do think this'll be resolved, and i think treasuries are going to be one of the worst investments in the n
the pentagon. what did she tell you? >> reporter: well, this really is a heart breaking case. you know, i just have to put it in perspective, a military installation, a child care facility, a stone's throw from where i am standing at the pentagon, it would take me just a few minutes to walk across the road to this child care operation. a mother who has now learned that her young toddler was one of the victims of this alleged child abuse decided to speak out about it. she wanted her face shielded, she wants her children's privacy protected. she still worries about retaliation against her husband, by the military, but she tells us a chilling tale. >> all along this first week when we were being sort of given piecemeal information, denied access to the videotapes, we were also being asked if we wanted to seek medical care for our child. so -- >> medical care for what? >> for what, obviously. we wanted to understand and see with our own eyes since that evidence was available. >> barbara, it took a long time for the information to come out. why? and what steps is the department taking, the defense
, the spending cuts to the pentagon and elsewhere kick in. the bottom line is when you talk to republican senators they say the issue is not taxes, it's if you give the president more revenue he'll spend it on more government programs. >> senator harry reid should have made sure the senate passed a budget sometime in the last three years and it would be reconciled with the house and you would have a framework, a budget resolution. the fact we're down to the 59th minute of the 11th-hour and a couple elected officials and unelected staffs behind closed doors doing a back room deal is an outrage. >> in the final moments, a key development is that vice president joe biden has been in delaware for the weekend. he came back a few hours ago and is huddled behind closed doors, two phone calls with mitch mcconnell. a year and a half ago, it looked like all hope was lost and vice president with his long time in the senate many years was able to reach out to mitch mcconnell and they pulled a deal together in the final hours. >> the 59th minute of the 11th hour. ed henry, thank you very much. >>> goi
be a massive hit on the pentagon budget and what that means for our national defense. big deal. >> absolutely. thanks. joining us for a closer look at the fiscal cliff negotiations, ron johnson, a member of the appropriations and budget committees in the senate. thank you for taking a break from a busy time to visit with us. >> thank you. >> i want to get a response from the comments to the president. he said that g.o.p. can't take yes for an answer. is there an offer that would have been acceptable to the house or the senate g.o.p.? >> not that i am aware. people throw the numbers around, like there is a deal, $1 revenue for $3 spending cuts, i have never seen those deals. senator harry reid should have made sure the senate passed a budget, sometime in the past 3 years and that would be reconciled with the house and you would have a framework, you know, a budget resolution that the committee -- the appropriations committee, the house ways & means committee, senate finance committee, they would have the instructions to work on the difficult problems npublic. have a public debate. we are down
. that became more and more until the publication of "the pentagon papers." that was a gradual growth come a difference, between the media the new york times" and the administration, and that continues until the state. there is an oscillation between the administration and "the times" depending on the administration. that difference opened up cordially there, and it continued to. the skepticism to the vietnam war, and watergate, which is mostly "washington post" storage, increased trade gradually we have what we have today, an adversarial right fox, adversarial left, msnbc, and cnn, which is trying to be "the new york times," when nobody wants to see a non- adversarial. "the times" is a two-section newspaper, a term that "the times" does not like any more. the editor -- when you use in it, they get a little bit squeamish. some of you i should probably it, one of my sources -- took a great deal of reading the, and interviews. "the times" is generous in giving me access, letting the interview them. mostly, i got this through approaching them and asking them, and one led to the other. approa
.s. ambassador and three other americans were killed. our pentagon correspondent chris lawrence is joining us now with the findings. >> this new report spreads the blame for that attack. blaming intel, state, even the pentagon to some degree, saying there was no plan in place to rescue americans there. a new senate report says the state department should have shut down the benghazi mission before the attack that killed four americans. it chastised officials for relying on local militia to guard the front gate. >> the terrorists essentially walked into the compound, virtually unimpeded. >> senators say the state department missed plenty of red flags. a rocket propelled glen nate hit the red cross in may. a bomb exploded in june. another rpg hit the british ambassador's convoy, prompting the uk to close its mission. senators questioned how much more the state department needed to see before officials realized they didn't have enough security. >> we've got to close this facility because we can't protect american personnel in benghazi. >> reporter: the report also condemned communication failures. li
. by contrast, the international affairs budget is less than one-tenth of the pentagon's. secretary gates has spoken about this and strongly urged the congress to address that imbalance. we have not yet. admiral mullen pointed out, the more diplomacy is cut, the more lives are lost. we have to make certain that we are not penny-wise and pound-foolish when it comes to supporting americas vital overseas interests. adequately funding foreign-policy initiatives is not spending, but investing in our long-term security, and more often or not, it saves far more expensive expenditures in dollars and lives in the conflicts that we fail to see or avoid. we need to invest in america's long-term interest in order to do the job of diplomacy in a dangerous world. this report makes that crystal clear. since 1985, i have had the privilege of making official journeys to one trouble spot or another. i have met a lot of our men and women in the foreign services. we sat and talked about the work they do and the lives that they lead. they spent years learning the languages of the country so they can be on the fro
cuts kicking in. especially for defense. right now, the pentagon's looking at something in the neighborhood of a $55 billion cut in 2013, about 10% of its programs, and specifically, the "wall street journal," among others, reporting that the pentagon is making contingency plans to notify 800,000 civilian employees about possible furloughs. so this is front and center right now. and among those also sounding the alarm, senator lindsey graham after getting a call from defense secretary leon panetta over the weekend. >> last night at 7:30 during dinner, he said, lindsey, i'm told there's not going to be anything in this deal to avoid sequestration going into effect. >> there you have it in a nutshell. again, number one, we are getting hopefully a little more optimistic about either a short-term patchwork deal, setting the table for something bigger after the first of the year. but again, we've been talking primarily just on the tax side of the equation, the issue for the pentagon, the defense industry, and frankly, a whole lot of civilian employees, what about the sequeste
is a couple mission of the pentagon to it that was a andual i'll live to milan in administration. but it does not interest otters up continually there. this skepticism for the vietnam war and watergate which is mostly the washington post dory increased. the press became adversarial and maybe it will we have to have men ever serial left at have one cnn which is kind of trying to be the new york times and people are talking abut that people are not adversarial news. the stock above the neck down is it to section the newspaper. i notice the public editor who has probably talk to the look less people less times that i have have said, the day's paper is the granddaddy best friend of nuclear plant. the individual was get a little bit squeamish. some of you think i should say where are my sources. the book was a great deal of reading, i also was a very temperance and times of generous and giving me access. as one person or any view and expect to be. 1999-201. . all of the executive editress. by the time we were involved in this process a tentative before -- 1834 was a secondary investing. >> it does
, but remember, the funding at the pentagon, without the wars, has doubled in the last ten years and it's a, you know, over 600 billion right now. so, 50 billion out of 600 billion, that's not even 10%. so, i really think we have is to keep perspective. these cuts aren't permanent, we can adjust them after the first of the year, i think we can make adjustments after the first of the year if we don't get a deal, still hopeful we get a deal if we don't, all of us know we can make adjustments. >> senator, thank you vet. i appreciate it. still hopeful, what senator mccaskill just said, martin, i can tell you, as i said, many of the colleagues coming out of the meeting, wrapped up right in there did not have that same assessment, see what happens, back to you. >> dana bash, thank you very much. >>> let's turn now to maine senator olympia snowe. she says it is time to talk about spending cuts and not limit the talk to just the tax hike question. senator snowe joins us now. let me start by asking, are you in favor, senator, of raising tax rates on anyone making more than $250,000 a year or are you more
for the pentagon. they didn't and that is why we are where we are. now, the scaled back deal is what you are saying the mini deal is what vice president biden is still trying to convince some skeptical liberal democrats in the senate to sign on to? >> absolutely right. they believed in president obama out on the campaign trail saying let's make these people of upper income above $250,000 pay more taxes. they were not happy with the negotiation because the republicans obviously don't want to raise taxes on anybody but if they are going to give the president who won reelection more revenue as part of a balance deal, if you will, they were willing to go up to $450,000 and so the vice president is eceptionly say -- essentially saying to liberal democrats who want to raise taxes on more people this is a good deal and keeps us from going off the fiscal cliff. you need to get onboard with this and h help me pass this across the finish line. there may be a little bit of stroking of some democratic egos in the caucus meeting to try to get this done. >> mike emanuel, thank you. as we look live at the ohio cl
the massive cuts aimed at the pentagon and elsewhere. >> revenues have to be part of the equation in turning off the sequester. >> there is some real anger brewing tonight on the left about proposed deal. even rich trumka the evidence the afl-cio head of organized labor it's not a good fiscal cliff deal if it gives more tax cuts to the 2% and sets the stage for more hostage taking. he is referring to the debt ceiling debate that's coming early next year. goes on to tweet republican's fiscal cliff double think fiscal crisis demands cuts in service, no investment in jobs but allows more tax cuts for richest americans. if and when this comes up for votes in the house and senate, it's unclear how many democrats especially on the left will support this, or buck the president, basically. bret? >> bret: ed henry live in the white house. thank you. stocks started the week up. possibly encouraged early in the day about talk of this possible deal. the dow finished ahead 166. the s&p 500 was up 24. the nasdaq gained 59 another deal not fiscal cliff related. the senate home security committee blasted th
of across the board spending cuts that would have started hitting the pentagon and domestic agent sess agencies this week. >> we have done some good for the country. >> house speaker john boehner has not endorsed the deal yet so passage in the house is not a sure thing. we are joined on the phone now by congressman john garamendi a fairfield democrat who is going to be working today even though it's a holiday. >> got a long day ahead. thanks for joining us, congressman. happy new year to you. tell us, have you had a chance to look at the bill yet? what are the pros and cons ? >> happy new year to everybody in the bay area and hopefully it will be better than last year. i think it can be if we get our work done here in. what. none of us has seen the language of the bill. we will get that this morning as we return to the capital and go through our caucuses around noontime here in washington, d.c. however, the essential elements are known and that is that the "fiscal cliff" at least half of it has been put off, the tax side. the cuts are yet to be dealt with. those will be coming up in th
'm an employee of the pentagon or some place which there are tens of thousands of employees, is there any possibility that any deal that that come up with is going to disproportionately affect a department like that or does that happen across the board? >> well, everything as it is right now is determined by the -- a law that was passed in 2011, the budget control act. that's what set in motion this trigger for sequestration. in that law, roughly half was supposed to go to the department of defense and half in nondefense agencies. but given that, they will be -- that's one of the things that there's uncertainty among federal employees also, because we don't know yet how much discretion agencies will have and how they implement their cuts. and, again, a lot of focus is on sequestration, those automatic cuts. but that law also put in place spending caps that will affect cuts that are even larger than the sequestration cuts. so cuts are definitely coming. that's not even a question. >> ifill: it's not debatable. >> it's just how large they will be and who will be impacted by those cuts. and
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